First Defiance Financial (NASDAQ:FDEF) Raised to Sell at BidaskClub

BidaskClub upgraded shares of First Defiance Financial (NASDAQ:FDEF) from a strong sell rating to a sell rating in a research report report published on Friday morning, BidAskClub reports.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised First Defiance Financial from a sell rating to a hold rating in a report on Tuesday, July 23rd. ValuEngine downgraded First Defiance Financial from a sell rating to a strong sell rating in a report on Tuesday, July 2nd.

Shares of FDEF stock opened at $28.02 on Friday. The firm has a fifty day simple moving average of $27.87. The firm has a market cap of $552.55 million, a P/E ratio of 12.57 and a beta of 0.96. First Defiance Financial has a fifty-two week low of $22.78 and a fifty-two week high of $33.34. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 0.99.

First Defiance Financial (NASDAQ:FDEF) last issued its earnings results on Monday, July 22nd. The savings and loans company reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.04. The firm had revenue of $39.48 million for the quarter, compared to the consensus estimate of $39.58 million. First Defiance Financial had a return on equity of 11.72% and a net margin of 27.02%. Analysts expect that First Defiance Financial will post 2.38 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 16th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Thursday, August 15th. First Defiance Financial’s dividend payout ratio is presently 34.08%.

In other First Defiance Financial news, insider Donald P. Hileman sold 1,000 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $29.08, for a total value of $29,080.00. Following the sale, the insider now owns 72,960 shares of the company’s stock, valued at approximately $2,121,676.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John R. Reisner sold 1,700 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $27.03, for a total value of $45,951.00. Following the sale, the insider now directly owns 365 shares in the company, valued at approximately $9,865.95. The disclosure for this sale can be found here. Company insiders own 2.36% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bowling Portfolio Management LLC boosted its holdings in shares of First Defiance Financial by 1.8% during the 2nd quarter. Bowling Portfolio Management LLC now owns 53,323 shares of the savings and loans company’s stock valued at $1,523,000 after acquiring an additional 968 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of First Defiance Financial during the 1st quarter valued at $28,000. Strs Ohio boosted its holdings in shares of First Defiance Financial by 4.3% during the 2nd quarter. Strs Ohio now owns 24,200 shares of the savings and loans company’s stock valued at $691,000 after acquiring an additional 1,000 shares in the last quarter. FMR LLC raised its position in First Defiance Financial by 347.5% during the 1st quarter. FMR LLC now owns 1,544 shares of the savings and loans company’s stock worth $44,000 after purchasing an additional 1,199 shares during the last quarter. Finally, Aperio Group LLC raised its position in First Defiance Financial by 6.6% during the 2nd quarter. Aperio Group LLC now owns 22,327 shares of the savings and loans company’s stock worth $638,000 after purchasing an additional 1,391 shares during the last quarter. 64.05% of the stock is currently owned by institutional investors.

About First Defiance Financial

First Defiance Financial Corp. operates as a unitary thrift holding company that provides community-based financial services in northwest Ohio, northeast Indiana, and southeastern Michigan. It offers checking accounts, money market accounts, savings accounts, term certificate accounts, demand deposits, and certificates of deposits, as well as certificate of deposit account registry service; and commercial real estate, commercial, consumer finance, 1-4 family residential real estate, construction, and home equity and improvement loans.

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